logo
Share SHARE
FONT-SIZE Plus   Neg

Maple Leaf Foods' Board Intends To Appoint David Emerson As Chairman

Maple Leaf Foods (MFI.TO) said David Emerson is being nominated to join the company's Board as an independent director and will stand for election at its Annual General Meeting on May 2, 2012. Subject to shareholder approval of the nomination, the Board plans to appoint Emerson as Chairman, replacing Purdy Crawford who will retire from the Board following the annual meeting.

Maple Leaf Foods also said directors Gordon Ritchie, Chaviva Hošek and James Hankinson will not seek re-nomination at the May 2 Annual Meeting. As a result, the size of the Maple Leaf Board will decrease from 13 to 10 directors following the meeting; eight of those 10 directors will be independent.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Shares of Deutsche Bank AG are gaining more than 9 percent in pre-market activity on Wednesday following media reports that the German lender is considering buying back several billion euros of its senior bonds. The recovery in the bank's share price comes after two days of falls amid a broader rout of bank stocks due to concerns over their profitability and troubled loans. Time Warner Inc. (TWX) reported a profit for the fourth-quarter of 2015 that increased 19.4% from last year. But, quarterly revenues decreased about 6% from the prior year, due to a decline at Warner Bros., partially offset by increases at Home Box Office and Turner. The company increased its regular quarterly dividend by 15% to $0.4025 per share. Breakfast and snack food giant Kellogg Co. (K) continues to make great progress with its productivity initiatives. Hence, it remains confident in meeting its long-term targets for currency-neutral comparable net sales and operating profit growth in 2016 and beyond. However, negative currency translation impact that prevailed in the last few quarters is expected to continue in the fourth quarter.
comments powered by Disqus
Follow RTT